The Multi-Level Marketing (MLM) System is one of the most exciting and effective ways of selling products or services online. Instead of using a traditional marketing approach, which might involve sending out press releases to media publications or running ads on social media platforms, MLMs allow merchants to build their own network of enthusiastic customers, who then have the potential to become future buyers of their products or services.
It is estimated that there are over 1.8 million people selling MLM products in the U.S. alone, and the industry is growing with over 300,000 people joining every year.
One of the most popular and effective MLM products involves betting on football. The Multi-level Marketing (MLM) System has allowed thousands of people to build massive networks of customers, who then have the potential to become a potential source of future sales for the business. Let’s take a closer look at how Multi-Level Marketing (MLM) works in the betting industry and if it is something you should be considering as an investor or a member of a sports betting firm.
The idea behind Multi-Level Marketing (MLM) is to connect individuals and businesses that have a product or service to offer with people that are interested in purchasing that product or service. In the context of sports betting, MLMs allow you to connect with people who are interested in your services, regardless of whether you are based in the U.S. or internationally. The potential to make money is quite high, especially considering the ease of sales and the ability to build a business around something you are passionate about.
In the case of betting on football, the product or service is a way of betting or a place to place bets. The individual profiting from MLM in the betting industry is called a ‘marketing executive’.
Key Differences Between Traditional and MLM Marketing
The biggest difference between traditional and MLM marketing is that with the former you are reaching out to people who are already likely to be interested in your product or service, while in the latter you are attempting to find potential new customers. This is referred to as ‘segmentation’.
In the case of traditional marketing, you are trying to reach as many people as possible – the more people you reach, the greater the potential for sales. With MLM, you are focusing on connecting with a select group of people who you believe are most likely to be interested in your product or service.
Another difference between the two is that with traditional marketing, the objective is to get people to ‘think’ about your product or service while with MLM, the objective is to get people to ‘act’ on behalf of your product or service. To put it simply, you are trying to get people to buy your product or service, with MLM you are trying to get people to sell your product or service.
How Does Multi-Level Marketing (MLM) Work On Football?
We’ll start by taking a quick look at the numbers before moving onto an explanation of how things work.
In the U.S., over 1.8 million people are involved in some form of multi-level marketing on football – either as an investor or a salesperson. This means there is plenty of demand for betting products and services on the world’s most popular sport.
The industry is growing with over 300,000 people joining every year and the American Bureau of Labor Statistics predicts this trend will continue into 2022, with 1.5 million people in the U.S. selling products or services through a network marketing scheme.
What is especially exciting is the ease of sales – over 80% of participants say their direct sales experience was pleasant, with many reporting that they had grown their business in as little as a few months.
The Math Behind Multi-Level Marketing (MLM)
It’s important to understand the math behind multi-level marketing if you are considering investing in the industry. For every $10 you spend on products or services, you will earn about $7 back as a commission. In the case of binary options, you are essentially betting that the price of a certain asset, such as a stock or a commodity, will rise or fall in relation to the price of a second asset, such as gold or the U.S. dollar. You can read our review of the top binary options brokers here.
In addition to commissions, you will also earn money from bonuses and prizes – about 15% of respondents earn money from these sources, which can add up quickly. The average respondent earned over $600 per month, which is more than enough to cover the cost of sales and operating expenses.
The Income Potential Is High
It should come as no surprise that an industry which involves connecting buyers and sellers has such high income potential – after all, wouldn’t you rather be making money from something you are passionate about?
According to a report from Nucleus, “An MLM survey conducted by the research firm revealed that over 80% of respondents said they were able to generate at least 7-figures of income from their mlm businesses, with some even reporting over 15-figures.”
The report goes on to state, “The respondents reported that they were able to achieve this income through a combination of organic growth and acquisition as they built their business — that is, through building a downline and getting referrals and new members to join their team.”
Considering the fact that over 80% of respondents reported being able to make at least 7-figures of income, it isn’t hard to understand why so many people are attracted to the industry.
Why Should You Become An Investor In Multi-Level Marketing (MLM)?
While there are a number of reasons why you might be interested in investing in a multi-level marketing company, here are a few of the most important ones.
- The opportunity to make a quick profit
- The potential to build a business around an interest
- The lack of available options for profitable investments
- The ability to diversify your investments
The Short-Lived Wealth Effect
One of the things which make multi-level marketing (MLM) so attractive is that the income generated from participating is often short-lived – you will earn money from commissions and bonuses for a limited time, before you are expected to buy more products or services from your sponsor.
In the case of binary options, for example, you are essentially betting that the price of a certain asset, such as a stock or a commodity, will rise or fall in relation to the price of a second asset, such as gold or the U.S. dollar. For every $10 you spend on products or services, you will earn about $7 back as a commission – the amount you are expected to pay back is limited to the amount you spent on products or services. If you are investing in an MLM company, you should expect to earn money for a limited time – typically 90-days to 1 year, before you are required to purchase additional products or services. It’s similar to earning money online in that you don’t keep any profit for yourself – you are expected to reinvest it in order to make further earnings.
The Industry Is Growing
While the opportunity to make a quick profit might not seem like a good enough reason to invest in a multi-level marketing company, the fact that the industry is growing is certainly a plus — in 2022, about 300,000 people will be joining the industry. In the U.S., the number of people participating in these types of schemes has increased from about 1.5 million in 2017 to 1.8 million in 2022, according to the American Bureau of Labor Statistics.
This is great news for those looking to get involved – if you want to make money from something you love then why not?
The Industry Is Expanding
Another positive aspect of the multi-level marketing (MLM) industry is that it is expanding – in 2022, over 300,000 people will be joining the industry in the U.S., which is a 40% increase from last year. The American Bureau of Labor Statistics projects this trend will continue, with 1.5 million people in the U.S. selling products or services through a network marketing scheme in 2022.
Considering the fact that so many people are getting involved in the industry, there are plenty of opportunities for those looking to get involved – if you want to get into an MLM company then you should certainly consider speaking with an expert financial advisor or attorney.